ETHICS 311 TEST LATEST
Which one of the following statements is correct? - ANSWERS-
Underwriters must balance the customer's need for a fair price and
comprehensive coverage with the insurer's profit goals.
Milo is creating a chart for his fellow business analysts at the insurer
where he works. The chart will show the major groups to which
insurance professionals owe ethical responsibilities, which are -
ANSWERS-Insurers, policyholders, and the public.
Jessica is a loss control specialist with an insurer. She often inspects the
property and operations of insureds and makes loss control
recommendations to the underwriter. Jessica's duties in these situations
are best described by which one of the following? - ANSWERS-Her
duties involve the policyholder, the public, and the insurer.
Sanjay is a claims representative for Dutiful Insurance Company. A
policyholder is sued by a third party for an at-fault accident. If he acts
according to high ethical standards, which one of the following should
be Sanjay's primary goal? - ANSWERS-To protect the policyholder
from out-of-pocket loss
Sugartown Insurance Company strives to act ethically across all
departments of operations. Which one of the following explains how its
claims handling benefits society as a whole? - ANSWERS-By
END OF
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, ETHICS 311 TEST LATEST
indemnifying claimants and reducing their dependence on charitable
organizations
Frances is an underwriter for an insurance company. She received an
application from a producer seeking coverage for her husband's
employer. Although she believed that the insurance company should
write the coverage, she asked another underwriter to handle the
application to avoid any appearance of a conflict of interest. Which
canon from the Ethical Guidelines for Insurance Professionals is most
reflected by her actions? - ANSWERS-Placing the public's interest
above her own
Producer Bill has discovered that a producer from another firm has made
serious errors in providing coverage to four of his clients. Bill is
soliciting these clients and could easily obtain their business by
denigrating the other producer's work. To be in compliance with the
ethical canon titled Professional Relationships, Bill should -
ANSWERS-Present his own coverage proposal to the prospective
clients.
Renee, an underwriter for an insurer, writes articles explaining personal
lines insurance coverages for her local newspaper. The canon of the
Code of Professional Ethics—Ethical Guidelines for Insurance
Professionals that is most directly addressed by Renee's activity is -
ANSWERS-Public Education.
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PAGE 2
Which one of the following statements is correct? - ANSWERS-
Underwriters must balance the customer's need for a fair price and
comprehensive coverage with the insurer's profit goals.
Milo is creating a chart for his fellow business analysts at the insurer
where he works. The chart will show the major groups to which
insurance professionals owe ethical responsibilities, which are -
ANSWERS-Insurers, policyholders, and the public.
Jessica is a loss control specialist with an insurer. She often inspects the
property and operations of insureds and makes loss control
recommendations to the underwriter. Jessica's duties in these situations
are best described by which one of the following? - ANSWERS-Her
duties involve the policyholder, the public, and the insurer.
Sanjay is a claims representative for Dutiful Insurance Company. A
policyholder is sued by a third party for an at-fault accident. If he acts
according to high ethical standards, which one of the following should
be Sanjay's primary goal? - ANSWERS-To protect the policyholder
from out-of-pocket loss
Sugartown Insurance Company strives to act ethically across all
departments of operations. Which one of the following explains how its
claims handling benefits society as a whole? - ANSWERS-By
END OF
PAGE 1
, ETHICS 311 TEST LATEST
indemnifying claimants and reducing their dependence on charitable
organizations
Frances is an underwriter for an insurance company. She received an
application from a producer seeking coverage for her husband's
employer. Although she believed that the insurance company should
write the coverage, she asked another underwriter to handle the
application to avoid any appearance of a conflict of interest. Which
canon from the Ethical Guidelines for Insurance Professionals is most
reflected by her actions? - ANSWERS-Placing the public's interest
above her own
Producer Bill has discovered that a producer from another firm has made
serious errors in providing coverage to four of his clients. Bill is
soliciting these clients and could easily obtain their business by
denigrating the other producer's work. To be in compliance with the
ethical canon titled Professional Relationships, Bill should -
ANSWERS-Present his own coverage proposal to the prospective
clients.
Renee, an underwriter for an insurer, writes articles explaining personal
lines insurance coverages for her local newspaper. The canon of the
Code of Professional Ethics—Ethical Guidelines for Insurance
Professionals that is most directly addressed by Renee's activity is -
ANSWERS-Public Education.
END OF
PAGE 2
